GFL Environmental Inc. $GFL Shares Purchased by Advent International L.P.

Key Points

• Advent International L.P. increased its stake in GFL Environmental by 49.6%, acquiring an additional 168,953 shares, bringing its total ownership to 509,750 shares.
• GFL Environmental's stock has a current market capitalization of $18.19 billion and reported a quarterly earnings per share of $0.19, matching analyst expectations.
• Analysts have a consensus rating of "Buy" for GFL Environmental, with a price target averaging $57.86, indicating optimism for the company's stock performance.

Advent International L.P. raised its stake in shares of GFL Environmental Inc. (NYSE:GFL - Free Report) by 49.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 509,750 shares of the company's stock after purchasing an additional 168,953 shares during the period. GFL Environmental accounts for approximately 0.8% of Advent International L.P.'s holdings, making the stock its 14th biggest position. Advent International L.P. owned 0.13% of GFL Environmental worth $24,626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GFL. Millstone Evans Group LLC raised its position in GFL Environmental by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 560 shares of the company's stock valued at $27,000 after purchasing an additional 334 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of GFL Environmental by 2.6% in the first quarter. OneDigital Investment Advisors LLC now owns 17,264 shares of the company's stock valued at $834,000 after acquiring an additional 436 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in GFL Environmental by 1.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,309 shares of the company's stock worth $2,478,000 after acquiring an additional 574 shares in the last quarter. Bessemer Group Inc. purchased a new position in GFL Environmental during the 1st quarter valued at about $28,000. Finally, LRI Investments LLC purchased a new position in GFL Environmental during the 1st quarter valued at about $34,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Performance

NYSE:GFL traded down $0.32 during mid-day trading on Friday, hitting $47.92. The company's stock had a trading volume of 1,860,387 shares, compared to its average volume of 1,030,282. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. The business's fifty day moving average is $49.05 and its two-hundred day moving average is $48.56. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.67 and a quick ratio of 0.67. GFL Environmental Inc. has a 1 year low of $38.78 and a 1 year high of $52.00.

GFL Environmental (NYSE:GFL - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. GFL Environmental had a return on equity of 3.71% and a net margin of 48.53%.The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business's revenue was up 5.9% compared to the same quarter last year. GFL Environmental has set its FY 2025 guidance at EPS. Analysts anticipate that GFL Environmental Inc. will post 0.58 EPS for the current fiscal year.

GFL Environmental Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 14th were paid a $0.0154 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, July 14th. GFL Environmental's dividend payout ratio is 0.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GFL. Scotiabank increased their price objective on shares of GFL Environmental from $56.00 to $60.00 and gave the company a "sector outperform" rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their target price on GFL Environmental from $56.00 to $59.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. initiated coverage on shares of GFL Environmental in a research note on Friday, May 23rd. They set a "neutral" rating and a $54.00 price objective for the company. Truist Financial boosted their price target on GFL Environmental from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Citigroup increased their price objective on shares of GFL Environmental from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $57.86.

GFL Environmental Company Profile

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.